This article will focus on the trading of Bitcoins on the Satoshi Option binary options platform. Trading of Bitcoins on this platform is a bit unique, as we shall soon see. Satoshi Options is actually named after Satoshi Nakamoto, the mysterious creator of Bitcoins. Bitcoins trading on Satoshi Options is unique for three reasons:. In order to perform trades on the Satoshi Option trading platform, you need to make a decision on whether the asset will end above the market price UP or below the market price DOWN.
Once the decision on trade direction has been made, you place the trade by sending Bitcoins to the correct Bitcoin address which reflects this decision. Transactions are handled instantly, and once your investment amount in Bitcoins has been received on the servers of Satoshi Option, the binary options contract is executed immediately. No pre-confirmation is sent to the trader, hence it is bitcoin trading satoshi strategybinary options strategy that the trader goes through the ordering information before clicking the order bitcoin trading satoshi strategybinary options strategy button.
When it comes to contract duration, Satoshi Options stands out as the only binary options broker that offers the 60 seconds contract on its platform.
The other expiry times offered is the 5 minutes contract. There are plans to introduce trades with durations that span 60 minutes, 3 hours, end of the day and end of the week. Presently, the maximum investment that traders can make in a single trade is 0. This is where the Bitcoins for investment into the trade are sent to.
When a losing trade occurs, the trader loses the original investment. A commission is charged for transactions on Satoshi Options. Since traders on Satoshi Option are bitcoin trading satoshi strategybinary options strategy required to open an account, no personal details are collected. By using the E-wallet, traders can load Bitcoins into their wallets on the Satoshi Options website and place trades from there directly with just one click.
Withdrawals can be made at any time to the originating address. When a wallet is created, Satoshi Option will automatically create a unique, personalized Bitcoins wallet address to be used exclusively by the trader. This eliminates the need to send Bitcoins from a different browser every time a trade is made. A unique URL in the browser which can be bookmarked by the traderallows easy access to the wallet at anytime.
Withdrawal of funds to the address es from which the original deposit came from is sent in the proportion in which it was sent. Any funds not withdrawn within 3 days will be automatically sent back to the originating address. It is pertinent to state here that bitcoin trading satoshi strategybinary options strategy regulatory status of Satoshi Options is presently uncertain, nor is it very clear how the company is able to safeguard investors without such basics as customer verification.
The non-verification of clients is sure to pose a serious problem as regulators seek to ensure that illicit money does not penetrate the system. If the company is genuine, its operators will need to prove this by verifying all customers.
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We will take a look at the social rank awarded by the bot, as well as a few other factors such as invites and misconduct. Learn the basics of trading profiting from bitcoin other cryptocurrencies. Hackers Not Users Lose Money in Attempted Cryptocurrency.